Citi Double Cash Card Review

Reap rewards on everything by earning cash back twice on every purchase ​
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Citi Double Cash Card Review

The Citi Double Cash Card is for the everyday spender who is consistent about their credit card payments. Rather than getting large cash back bonuses on specific categories, users receive 2% cash back on all purchases as long as they make minimum payments on time. The cash back bonus is one of the best in the industry when it comes to everyday purchases. While the card lacks any significant sign-up bonuses, it’s still a great way to build your credit while gaining big rewards from all your purchases.

Citi Double Cash Card Overview

Pros Cons
No annual fees
2% cash back
No sign-up bonus
Lower cash back rewards if you don’t meet minimum payments
  • Card Type: Cash Back
  • Rewards Rate: 2% cash back — 1% for every purchase you make and 1% when you pay it off
  • Sign-Up Bonus: No sign-up bonus
  • Annual Fee: No annual fee
  • APR: 15.49%-25.49% based on individual credit
  • Intro APR: 0% intro APR for 18 months on balance transfers
  • Recommended Credit Score: 620-850
  • Additional Rates and Fees:
    • Balance Transfer Fee: $5 or 3% on each balance transfer, depending on which is higher
    • Foreign Transaction Fee: 3% of the U.S dollar amount for foreign purchases

Perks

  • Earn cash back twice on every purchase
  • No confusing categories — every single purchase applies
  • No annual fee
  • Purchase protection and Lost Wallet service
  • Citi Entertainment benefits

Best for

Customers trying to boost their credit without having a specific category they’d like to gain rewards from

Not for

People who occasionally miss card payments

The Competition

Citi® Double Cash Card Discover it® Cash Back U.S. Bank Cash+™ Visa Signature® Card Capital One® QuicksilverOne® Cash Rewards Credit Card
Rewards rate
2% Unlimited 1% on all purchases and 5% cash back on varying categories 1% cash back on all purchases, 2% cash back on everyday purchases, and 5% cash back on two categories of your choosing Unlimited 1.5% cash back on every purchase
Sign-up bonus
N/A A match for all cash back earned at the end of your first year $150 bonus if you spend $500 in your first 90 days $150 bonus if you spend $500 in your first three months
Annual fee
N/A N/A N/A N/A
APR
15.49%-25.49% 13.49%-24.49% 15.49%-25.49% 26.74%
Other
Earn cash back twice with every purchase No annual fees Earn up to 5% cash back Get cash back matched after first year Earn cash back in varying rates for every purchase Choose your own cash back categories Unlimited cash back rewards don’t expire until account close Sign-up bonus and no annual fee

All information accurate as of January 14, 2020.

Main Benefits

Earn cash back twice

With the Citi Double Cash Card, you can earn cash back twice on every single purchase. Without confusing categories, all you need to do is pay your minimum amount due on time and you’ll earn 1% cash back for every purchase as well as an additional 1% when you pay it off. It’s a simple, convenient way to get the most bang for your buck. You’re able to use your card as you please and still reap the benefits, whereas most other card companies only offer additional cash back on specific categories like entertainment or dining.

Avoid annual fees

The Citi Double Cash Card has absolutely no annual fee. This is rare for a cash back rewards credit card, so it’s a big benefit to the user. The card only has fees for balance transfers, cash advances, foreign transactions, and late or returned payments. You’ll be charged either $5 or 3% for a balance transfer, depending on which is greater, and $10 or 5% for cash advances. All foreign transaction fees are 3% of the purchase in USD. You’ll have no fee for your first late payment, then it’s up to $39 after that.

Enjoy Citi’s protection and benefits

As a Citi customer, you’ll reap a variety of benefits and rewards. All Citi customers enjoy security measures like 24-hour fraud protection, identity theft solutions, and the Citi Lost Wallet solution. These features ensure that you can get a new card within 24 hours whether it’s lost or stolen, and you have zero liability for any unauthorized purchases.

Possible Drawbacks

No sign-up bonus

Most rewards cards come with an enticing sign-up bonus. Unfortunately, with the Citi Double Cash Card, there’s no sign-up bonus after you’re approved. The double cash back rewards may be enough to counteract this, but it’s worth noting that competitor cards present great offers such as extra cash back on purchases from specific categories during the first year of use. With the Citi Double Cash Card, you don’t get a sign-up bonus, but you do get 0% APR for your first year on balance transfers.

Must meet minimums to earn cash back

Many cards will grant you rewards even if you aren’t paying each month. For the Citi Double Cash Card, however, you must pay your minimum each month to receive the last 1% cash back as part of the rewards program, which could be an issue if you occasionally miss a payment.

Citi Double Cash Card Compared to Capital One Quicksilver Cash Rewards Card

The Capital One Quicksilver Cash Rewards Card is similar to the Citi Double Cash Card, with a few key differences. Both cards offer zero annual fees but similar fee amounts for balance transfers, and both require a similar credit range (good to excellent). However, Citi Double Cash Card takes the cake when it comes to rewards overall, offering a total of 2% cash back on all purchases. The Capital One Quicksilver Card offers a little less at 1.5%.

The Quicksilver Card does may be a better option if you travel often or want immediate rewards. It has zero fees for foreign transactions, while the Citi Double Cash Card charges 3% for foreign transactions. Though the Citi Double Cash Card had a better rewards rate, the Quicksilver Card offers a sign-up bonus of $150 cash if you spend at least $500 in your first 90 days. The Citi Double Cash Card does not have a sign-up offer.

Though the Quicksilver sign-up bonus may seem enticing, the Citi Double Cash Card still gets you more bang for your buck in terms of rewards and simple, redeemable cash back.

How to Redeem Cash Back

To redeem cash back through the Citi Double Cash Card, all you need to do is make sure you’re paying your minimum amount due on time. The beauty of this card is that the 2% cash back applies to every purchase, whether it’s groceries, dining, travel, or gas. When you make a purchase, 1% cash back is applied to your account, while the other 1% is applied when you make the minimum payment on your balance. This card may not be the best option for users who are trying to finance large purchases, but it’s great for users who might just be trying to build their credit and are confident they have the monthly budget to make their minimum payment on time.

The Bottom Line

If you have good credit already but would like to continue building it toward excellent credit while reaping great rewards, the Citi Double Cash Card is a great option for you. The card offers 2% cash back on every purchase excluding balance transfers, cash advances, and other ineligible transactions. You receive 1% cash back whenever you make a purchase and the additional 1% as you pay it off. As long as you’re using your card wisely, you can earn big rewards on all your spending throughout the year.